Navigating Compliance & Innovation for Digital Currency in Australia

Managing Principal
Banking, Finance & Regulatory
12 September 2023

Defining the Regulatory Perimeter for Digital Currency in Australia - a Blockchain Week 2023 Roundtable

Blockchain Week 2023 saw innovators, industry leaders, and blockchain enthusiasts converge to navigate the ever-evolving landscape of digital currency and blockchain technologies. 

A series of roundtables, live panels, fireside chats, workshops and debates all contributed to Australia’s biggest national blockchain event of the year. 

As part of it, Madison Branson Lawyers’ Managing Principal Simon Tsapepas joined moderator Stephanie Bazley (AirTree) and other thought leaders Chagri Poyraz (Binance), Michael Bacina (Piper Alderman), Jaime Lumsden (Hamilton Locke), Michael Mavromatis (Holley Netercote) and Adam Percy (Swyftx) on a round table discussion to explore the topic ‘Defining the Regulatory Perimeter for Digital Currency in Australia: Navigating Compliance and Innovation in a Rapidly Evolving Landscape’.  

The Roundtable discussed the challenges and uncertainties surrounding the lawful use of crypto and decentralised technology. Speakers explored the need to redefine financial product definitions to accommodate decentralisation and address regulatory gaps. 

The growing global blockchain market and the release of new guidance on ‘de-banking’ by AUSTRAC were highlighted as indicators of the industry’s rapid growth and evolving regulatory landscape. The very issue of ‘de-banking’ and its impact on businesses was discussed, emphasising the need for data and education to understand the extent of the problem. Collaboration and harmonisation of laws among jurisdictions were suggested as ways to enhance innovation and business opportunities.

Watch a recording of the roundtable below – with thanks to Blockchain Australia for the video. 

You can download a full recap of Blockchain Week 2023 below – to read more about the key discussion topics at the flagship event for the Australian blockchain & digital currency industry.

Madison Branson Lawyers are proud members of Blockchain Australia. 

The information provided in this article does not, and is not intended to, constitute legal advice; instead, all information is for general informational purposes only.

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